Terms & Conditions R50 000 refundable deposit (strictly bank guaranteed cheque or cash transfer only). Bidders must provide original proof of identity and residence on registration. No cash will be accepted at the auction. No exceptions. All bids are exclusive of VAT. Ian Wyles Auctioneers may bid up to reserve on behalf of the sellers. Subject to change without notification. Auctioneer: Ian Wyles AUCTION CATO RIDGE-KWAZULU NATAL N3 & R103 ACCESS HEART OF CATO RIDGE FUTURE DEVELOPMENT Wednesday 24 August 2016 @ 11:00 am Durban Country Club, 101 Isaiah Ntshangase Road, Durban Jared Van Heerden| 082 076 2949 Viewing by Appointment only
8
Embed
AUCTION CATO RIDGE-KWAZULU NATAL Brochure - Cato Ridge.pdfAbattoir, the Safal Steel development, The Wareings and Dunbar retail centres, Cato Ridge hotel and club, The CatoZulu Industrial
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
Property Summary
Pictures
Additional Information
Locality Maps
Auction Information
Deposit 10% of bid price payable by The Purchaser on the fall of the hammer
Commission 5% plus VAT thereon of the bid price payable by the Purchaser on
the fall of the hammer
Confirmation period Tuesday 6th September 2016
Terms and Conditions
If you are the successful bidder, the following is applicable:
30 Day Guarantee Period from confirmation of sale by the Seller
Possession & occupation of property on registration of transfer
Electrical (including electric fencing), woodborer and gas compliance
for the Purchaser’s account, if applicable
CONTENTS CATO RIDGE-KWAZULU NATAL
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
General Property Address : Off R103 & Mr245 Main Roads, Opposite Inchanga Caravan Park,
Kwa-Zulu Natal
Title Deed Information Title Deed No. : T49257 Title Deed Description : Remainder of Portion 2 of the Farm Rietdrift (No.15507) Extent : 18.4328Ha
Municipal information The local authority in which the property is situated is the Ethekwini Local Municipality. According to the permitted
zoning scheme the parent property is zoned as follows:
Note: The subject property is presently zoned Agricultural with a minimum sub size of 1.5ha and according
to the draft scoping report (EIA 6684), a rezoning application has been made for a proposed industrial
development, accommodating approximately 10 sectional title light industrial sites, to be known as Cato
Ridge Industrial Park
PROPERTY INFORMATION CATO RIDGE -KWAZULU NATAL
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
Locality The subject property is a large, unimproved erven mainly under grassveld, accommodating a derelict warehouse factory
building on the North Western corner of the site.
The site borders part of the Cato Ridge/Inchanga townships, located approximately 50km West inland of Durban central
Business District, falling between the Drummond and Camperdown sectors, ± 5km East of a small Cato Ridge village
centre, 4.5km North West of the Hammarsdale glide off, situated just North of the N3 freeway.
The site is situated on the tract of land contained between the N3/MR245 and R103 Main Roads, within the N3 freeway
corridor, bordering the Southern boundary of the Cato Ridge Electrical, an electrical component manufacturer.
The ervens entire Western boundary fronts onto the MR245, Main road, therefore is afforded good exposure to passing
traffic flow.
The surrounding environs comprise, large tracts of vacant land originally utilised for agricultural purposes, however
presently is appealing more towards an industrial type usage.
Since the proposed release of potential industrial land from Anglo American, there has been interest expressed towards
this sector for present and future development.
The Cato Ridge sector houses value logistics, Nordic Industrial Park, EHL Distribution Centr, Assmang, Cato Ridge
Abattoir, the Safal Steel development, The Wareings and Dunbar retail centres, Cato Ridge hotel and club, The CatoZulu
Industrial Park, Thor Chemicals, Inchanga Taxi Rank as well as the Fredville and Rietvallei low cost residential sectors.
PROPERTY INFORMATION CATO RIDGE -KWAZULU NATAL
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
Improvements The subject property is a large unimproved erven, comprising of a derelict warehouse factory building situated on the
North Western corner of the site.
The highest and best use for the subject property would be an Industrial type usage, due to its close proximity to roads,
potential industrial sectors and the Fredville/Rietvallei low cost townships, providing labour opportunities.
Leases The subject property is vacant. We are unaware nor have we had sight of any leases.
PROPERTY INFORMATION CATO RIDGE -KWAZULU NATAL
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
IMAGES CATO RIDGE -KWAZULU NATAL
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
SG DIAGRAM CATO RIDGE -KWAZULU NATAL
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person